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Credit Suisse: “China to play for a draw” in rising trade tensions

The global trade outlook is heavily dependent on China’s response to recently imposed US tariffs, according to Credit Suisse, which forecasts a restrained response and advises investors to exploit the current weakness to add equity risk. Three response scenarios: symbolic, moderate and severe retaliation According to the Swiss major, a “symbolic retaliation” is the most likely response from China (at…

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